North Yarmouth Academy

Analysis

North Yarmouth Academy is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in April 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North Yarmouth Academy reported income of $15.1m and spending of $15.1m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $12.1m to $15.1m (+25%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Yarmouth Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include The Learning Community Charter School Inc ($15.1m), Marine Military Academy Inc ($15.1m) and Kingman Academy of Learning ($15.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $382k (2.5% of expenses). Other salaries and wages came to $5.4m. It paid $30k in professional fundraising fees. At year end it held assets of $21.7m against liabilities of $5.2m, net assets of $16.6m. It reported 178 employees.